PostFinance Pension 75 Retirements funds/Data as of 31.08.2021 Investment policy Key figures as of 31.08.2021 The fund invests in money market investments, bonds, equities and Fund's assets in mn CHF 498.73 commodities around the world, as well as in Swiss real estate. The strategic Net asset value (NAV) (31.08.2021) CHF 165.49 equity component stands at 75%, with 4% each invested in real estate and commodities respectively. The foreign currency portion stands at High last 12 months (30.08.2021) CHF 165.75 around 26%. The fund is passively managed, i.e. it tracks a benchmark Low last 12 months (29.10.2020) CHF 128.54 index. As a result, investors benefit from low fund costs and a performance Modified duration 1.22 that closely reflects that of the benchmark index. The fund is rebalanced Volatility 2 years 3 years 5 years back to its original weighting once a month. The only authorised 12.22% 11.97% 9.91% investments are assets from occupational pension and tied retirement savings schemes in Switzerland (pillar 2 and pillar 3a). Sharpe Ratio** 2 years 3 years 5 years 1.20 1.02 1.06 Report of the portfolio manager - 2. quarter 2021 ** Risk-free rate n.a, n.a, n.a The second quarter was shaped the expectation of raising inflation rates and the ongoing equity rally. US Treasury yields (10y) fell to 1.47 over the second quarter and several equity markets reached new record highs. The Fund closed the second quarter in positive territory with 6.50%. Only foreign CHF bonds were flat and domestic bonds slightly negative. The Morningstar Rating™ as of 31.08.2021 other asset classes performed positively during this period. Performance in CHF Fund structure by instrument in % as of 31.08.2021 These figures refer to the past. Past performance is not a reliable indicator of future results. The performance shown does not take account of any commissions and costs charged when subscribing to units. The 10 largest equity positions as of 31.08.2021 Roche 4.07% Nestle 3.84% Novartis 3.83% Zurich Insurance 2.94% Lonza Group 2.24% Sika 2.13% ABB 2.07% Performance in percentage terms UBS 1.98% Alcon 1.83% 2018 2019 2020 01.01.2021- Since 31.08.2021 inception Partners Group 1.79% Funds -8.09 22.02 5.26 15.92 65.49 Benchmark n.a n.a n.a n.a n.a Fund features Security number 31679313 Fund domicile Switzerland Fund management UBS Fund Management (Switzerland) AG Fund Management UBS Asset Management Custodian Bank UBS Switzerland AG Day of inception 13.06.2016 Fund currency CHF Financial year ends End of March Total expense ratio (TER) 31.03.2021 * 0.98% Swinging single pricing (SSP) Yes Benchmark PostFinance Pension 75 mixed index Distribution No * including sales remuneration in favour of PostFinance of 0.72%. Glossary Benchmark Risk-free rate The investment success (performance) of a fund can be gauged by The risk-free rate (of return) refers to the return or interest earnings a applying a yardstick called a “benchmark”. riskless investment would achieve within a specific period of time. A different risk-free rate is applied to each currency. Distribution / reinvestment of income The object of an investment fund is to generate income for the investor Security number from coupons and dividends and a return on capital by pursuing an The security number is the Swiss security number for securities, providing established strategy. The amount and type of distributions depend on the for their unique identification. It corresponds to the ISIN number at the type of fund. international level. Distribution: An annual payment is made to the unit holders of the income earned by the fund. On the distribution date the funds are taken from the Sharpe ratio fund and transferred to the investor. As a consequence, the unit price The Sharpe ratio expresses the degree to which performance compensates drops approximately by the amount of the distribution at this time. an investor per unit of risk (volatility) for assuming greater risk as compared Reinvestment of income: The income generated is continuously reinvested to risk-free interest (e.g. savings account). If the Sharpe ratio is positive, in the fund. The investor benefits from a higher unit price since no funds this means that the higher risk has paid off. If it is negative, it means that are disbursed. the investor is not compensated for the additional risk. Fund domicile Swinging single pricing (SSP) The domicile of a fund is located in the country in which it was established This refers to an originator-oriented calculation method for figuring the net or registered with the regulatory authorities of that country. The fund asset value of a fund. The costs incurred in purchase and sales transactions domicile determines what law is applicable to a fund. This is particularly (e.g. commissions, brokerage fees, charges and duties) are taken into relevant where taxes are concerned (e.g. withholding tax). account and charged to those causing them to be incurred. Where more subscription transactions than redemption transactions are effected on the Modified duration subscription or redemption day, the fund’s NAV is increased by the so- This expresses the impact a change in the interest rate of ±1% will have on called swing factor. As such, the purchaser assumes the costs for the the portfolio or individual bonds. Consequently, this figure is a sensitivity investment of his or her funds already at this point in time. If, however, the indicator for it expresses the degree (as a percentage) to which the value of number of redemption orders is higher than the subscription orders, the the bond unit is reduced or increased as a result of a change in the market NAV is reduced by the swing factor. interest rate. Total expense ratio (TER) Morningstar Rating™ The total expense ratio is a measure of the total cost of a fund to the The Morningstar Rating™ is an assessment of a fund’s past performance – investor in terms of the ratio of annual costs to the fund’s net assets. In based on both return and risk – which shows how similar investments this context “costs” pertains to all expenses according to the income compare with their competitors. A high rating alone is insufficient basis for statement, including management, administration, custody account, audit, an investment decision. © 2016 Morningstar. All Rights reserved. legal and adviser fees. Transaction costs are not taken into account in funds. Net asset value (NAV) The net asset value of a fund is the sum of all valued securities less any Volatility liabilities. The NAV of a unit corresponds to the fund’s net assets divided by A measure of the variation in price of a financial instrument over time. The the number of units in circulation. The fund price is generally computed higher the volatility, the greater the price variations and potential return or every day. loss. In the portfolio theory it is posited that a higher return can only come at a higher risk. Performance This refers to the overall return of an investment as a percentage over time. Most of the time, performance is expressed in the fund’s reporting currency. It is comprised of changes in price and reinvested earnings (e.g. dividends). In the case of dividend-yielding funds, the calculation of performance is based on the assumption that dividends are reinvested (so as not to incur withholding tax). This document is an advertisement. PostFinance Fonds shall be governed by swiss law. Prospectuses, KIID, the management regulations as well as annual and semi-annual reports are available free of charge from the PostFinance Operations Center and any PostFinance branch or from UBS Fund Management (Switzerland) AG, P.O. Box, CH-4002 Basel. All Swiss Post branches, PostFinance branches and PostFinance client services accept subscription and redemption orders. Before investing in a product please read the latest prospectus carefully and thoroughly. None of the funds offered by PostFinance Ltd may be offered, sold or supplied within the USA, or to persons who are US citizens, are resident in the USA, or are required to pay taxes in the USA. PostFinance does not sell funds to persons who are resident outside of Switzerland. In such countries, PostFinance Funds are not offered and are therefore not available. The information mentioned herein is not intended to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not a reliable indicator of future results. The performance shown does not take account of any commissions and costs charged when subscribing to units. Commissions and costs have a negative impact on performance. This information pays no regard to the specific or future investment objectives, financial or tax situation or particular needs of any specific recipient..